XSO 0.31% 3,142.2 s&p/asx small ordinaries

The Brains Trust - 2024, page-1712

  1. 8,677 Posts.
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    Still the same............

    No change in my analysis, except that we now have a lot of reversal charts from last night on silver, gold, AUD and bitcoin.........

    Silver, uranium, Bitcoin tend to wild charts due to small market size.

    Long term (15yr weekly) Silver following sugar perfectly with sugar on BULLISH WEDGE indicating inflation ahead....

    Gold has not pulled back much compared to US stocks which shows strength in gold.........

    Still anything can happen in liquidity crises, Silver still needs to get above US$32 and Gold above US$2500 to wake up the next leg up..........and stay there!

    @Patterns ........... all those charts a complete waste of time. Nothing to trade there. Sure you can bottom pick, but you need to know what you are picking. You need to look at cash position of stocks, what they are doing, if completed receent cap raising and funded and so on. Your charts don't show anything except DANGER.
 
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